US Patent Issued to Bank of America on Aug. 12 for "Stored value payment instrument, having payment card characteristics, for virtual cash transactions" (New York, Texas, New Jersey, Virginia Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,214, issued on Aug. 12, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Stored value payment instrument, having payment card characteristics, for virtual cash transactions" was invented by Steven Greene (New York), Kerry Vaughan (Pennington, N.J.), Srinath Chakravarty (Plano, Texas), Aravind Shankaragouda Singtalur (McKinney, Texas), Dinesh Kumar Agrawal (Rowlett, Texas), Stephen Belton (Garden City, N.Y.), Kenneth Boyd (Richmond, Va.) and Petar Puskarich (Plano, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for transferring goods from a digital+bitcoin (d+b) stored value transaction instrument-supporting vendor to a user d...